Centuria Office REIT (ASX: COF): 1H24 Results - Leasing success, more to do
- Core Property has updated our forecasts following 1H24 results and recent announcements.
- COF represents a portfolio of quality and valued added properties in suburban and metropolitan office markets. Eastern seaboard focus with strategic exposure to Perth office (12%).
- Attractive yield of 8.6% in FY24, trading at 40.4% discount to NTA.
- We consider COF to be oversold over concerns for office markets and maintain a BUY recommendation.
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